Landstar System Receives Average Rating of “Hold” from Brokerages (NASDAQ:LSTR)
Shares of Landstar System (NASDAQ:LSTR) have earned an average recommendation of “Hold” from the nine analysts that are covering the company, Stock Ratings News reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $60.90.
A number of research firms have recently commented on LSTR. Analysts at Credit Suisse reiterated a “positive” rating on shares of Landstar System in a research note on Wednesday. Finally, analysts at Deutsche Bank upgraded shares of Landstar System from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $70.00 price target on the stock, up previously from $63.00.
Landstar System (NASDAQ:LSTR) traded up 0.31% on Friday, hitting $64.69. The stock had a trading volume of 15,515 shares. Landstar System has a 52 week low of $50.39 and a 52 week high of $65.79. The stock has a 50-day moving average of $63.02 and a 200-day moving average of $59.11. The company has a market cap of $2.908 billion and a P/E ratio of 20.12.
Landstar System (NASDAQ:LSTR) last announced its earnings results on Thursday, April 24th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.02. The company had revenue of $688.00 million for the quarter, compared to the consensus estimate of $667.21 million. During the same quarter last year, the company posted $0.57 earnings per share. Landstar System’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that Landstar System will post $2.89 EPS for the current fiscal year.
Landstar System, Inc (NASDAQ:LSTR) is a non-asset based provider of freight transportation services and supply chain solutions.
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